Parra Mattas

by Red Dwyer

Saturday, 3 May 2008

Bulky goods opportunity

Developers of bulky goods centres have opportunities in Sydney’s north-west and south-west corridors, which have been identified as future growth areas over the medium to longer term in the Sydney Metropolitan Strategy, according to a CBRE MarketView report.

Huntingwood property sold for $4 million

Growing owner-occupier demand for industrial facilities in Sydney’s west has underpinned the $4 million sale of a 2873-square-metre warehouse at 29 Huntingwood Drive, Huntingwood, to Pardolte Investments. The Huntingwood deal was negotiated by CBRE on behalf of Arunta Investments. CBRE had also sold a property at 36 Amax Avenue, in Girraween, for $1.6 million to an owner-occupier.

$50 million to be spent on research

Pfizer Australia, headquartered at West Ryde, will spend more than $50 million, in 2008, on R&D programs. In addition to supporting numerous pre-clinical programs and over 70 clinical research programs, Pfizer will provide more than $3 million in research grants and fellowship support to Australia's outstanding academics and clinicians. Pfizer employs more than 1500 staff. Current annual exports from its three manufacturing plants have an Australian market value in excess of $100 million. Pfizer’s history in Australia dates back to 1886.